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Nov 15, 2012
11/12
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the mood on wall street is much like in washington, indecisive. stocks are off session lows despite continued concerns about the fiscal cliff, the eurozone recession, all the usual suspects. right now the dow after a zigzag kind of day is down 53 points. earlier down as many as 70 points. about a 100-point range today. since the election, the dow has wiped out roughly 5% of its value. maria. >> all right. thank you so much, bill. this market is down about 5% since the presidential election. of course, worries and uncertainty about whether or not we'll go over the fiscal cliff largely viewed as the main culprit as well as the uncertainty over where tax rates will be. my next guest says we are going off of the cliff. joining me now is mario cabelli. he joins me here at the schwab impact conference in chicago. >> maria, my privilege. >> let's talk about it. your take on the markets and fiscal cliff. i want to begin there. >> it's pretty simple. in september of '08, the market went down when they couldn't prove the t.a.r.p., and you watched it on tele
the mood on wall street is much like in washington, indecisive. stocks are off session lows despite continued concerns about the fiscal cliff, the eurozone recession, all the usual suspects. right now the dow after a zigzag kind of day is down 53 points. earlier down as many as 70 points. about a 100-point range today. since the election, the dow has wiped out roughly 5% of its value. maria. >> all right. thank you so much, bill. this market is down about 5% since the presidential...
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Nov 20, 2012
11/12
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if washington won't rise above, they face cramer's consequences. he's got a new wall of shame and it's about to get its first members. the storm of shame is coming. don't miss out. all coming up on "mad money." ife our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. i don't spend money on gasoline. i am probably going to the gas station about once a month. last time i was at a gas station was about...i would say... two months ago. i very rarely put gas in my chevy volt. i go to the gas station such a small amount that i forget how to put gas in my car. [ male announcer ] and it's not just these owners giving the volt high praise. volt received the j.d. power and associates appeal award two years in a row. ♪ >>> it's time for the lightning round. are you ready? time for the
if washington won't rise above, they face cramer's consequences. he's got a new wall of shame and it's about to get its first members. the storm of shame is coming. don't miss out. all coming up on "mad money." ife our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our...
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Nov 27, 2012
11/12
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he doesn't -- this is why they sent him to washington. he doesn't want to sell them out in that regard. >> i don't know what that means. >> but you get politicians behind closed doors, and they might say something different. i don't know. where are we? the market is selling off. we're going back to the loes of the session. we were down over 80 points earlier. now down 77 on the dow. >> our next guest seeing any market pullback as an attractive buying opportunity. that's ahead. that bullish call up next. i could use a little optimism. >> is it a full moon today? there's something going on. >> it might be. >>> later, playing the lottery. it you're doing that, listen up. we have $500 million worth of advice. how you can minimize the potential taxes that could be much worse because of the fiscal cliff. that's coming up later on the "closing bell." [ male announcer ] you are a business pro. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the a
he doesn't -- this is why they sent him to washington. he doesn't want to sell them out in that regard. >> i don't know what that means. >> but you get politicians behind closed doors, and they might say something different. i don't know. where are we? the market is selling off. we're going back to the loes of the session. we were down over 80 points earlier. now down 77 on the dow. >> our next guest seeing any market pullback as an attractive buying opportunity. that's ahead....
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Nov 28, 2012
11/12
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bristol is like the washington redskins. let's go to kevin in connecticut. >> wendy's? >> everything is being colored by mcdonald's which is not doing that well. it has had a nice run. jeff in montana. >> good booyah from montana. my question is, we have a stock you recommended, dvax. >> trouble trouble. you know i got to tell you something. classic overreaction. it is not right, i don't want you to sell it here. i don't think that they can get that trial ready by february though. let's go to mark in ohio. >> hello, jim. booyah from cincinnati. >> bengals look good. thank you for aj green. >> i have a question about cdi. i'm big on natural gas. >> i think it is okay. so, you know what? go to some that aren't doing as well. let's go to don in california. >> my stock is fsys. >> yeah, you know that has not been that -- you know, no. ring the register. i don't like the prospects there. and that was the special fantasy football lightning round. >> coming up. ready to reverse? the charts have not been kind to many foreign financials. but cramer had found a pattern signaling
bristol is like the washington redskins. let's go to kevin in connecticut. >> wendy's? >> everything is being colored by mcdonald's which is not doing that well. it has had a nice run. jeff in montana. >> good booyah from montana. my question is, we have a stock you recommended, dvax. >> trouble trouble. you know i got to tell you something. classic overreaction. it is not right, i don't want you to sell it here. i don't think that they can get that trial ready by...
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Nov 29, 2012
11/12
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sense has left washington. you have to come up with spending cuts. i think those of us that will be targeted in a tax hike, which i don't consider a tax hike, really. i think the payroll tax cut, which didn't really work, it didn't boost the economy. also, the rising capital in income tax rates is acceptable, but only if the democrats get serious about cutting spending. >> so far, we haven't seen any real ideas in terms of -- >> it's a joke. it's a joke. you get more revenue from raising taxes, but you haven't cut spending. you're just putting off another disaster. it's so obvious you should raise the retirement age in the united states. there are easy, noncontroversial things. >> we're living until 100 now. we still vice president chanhad retirement age. >> i think $250,000 is a joke. if you have three kids in college, you're lost at $250,000. you can't afford to pay for your house and your kids' college. that's no longer rich in the united states. >> look, let's be honest. the average income, i guess, is $40,
sense has left washington. you have to come up with spending cuts. i think those of us that will be targeted in a tax hike, which i don't consider a tax hike, really. i think the payroll tax cut, which didn't really work, it didn't boost the economy. also, the rising capital in income tax rates is acceptable, but only if the democrats get serious about cutting spending. >> so far, we haven't seen any real ideas in terms of -- >> it's a joke. it's a joke. you get more revenue from...
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Nov 7, 2012
11/12
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eamon javers is there in washington -- i think you're in washington. do you go back already? >> i did. i'm here in washington already. >> what did you make? >> the news here is speaker of the house john boehner is putting new revenues on the table. he's saying here that what he doesn't want to see is simply letting the bush tax cuts for those over $250,000 expire. that's the president's plan. what boehner here is signaling is he's willing to engage in a much more complicated deal-making process, the kind of which he engaged with the president back in the summer of 2011. they weren't able to get the deal done then, but boehner seemed to be saying just here that he's willing to go back and renegotiation there and very conciliatory there at the end with the language to the president, mr. president, we are willing to be led. that's not the kind of rhetoric you heard from house republicans last summer, last year, before this election. so maybe there is a moment here post-election where things can change. i do want to add that harry reid, the senate democratic leader, was up on cap
eamon javers is there in washington -- i think you're in washington. do you go back already? >> i did. i'm here in washington already. >> what did you make? >> the news here is speaker of the house john boehner is putting new revenues on the table. he's saying here that what he doesn't want to see is simply letting the bush tax cuts for those over $250,000 expire. that's the president's plan. what boehner here is signaling is he's willing to engage in a much more complicated...
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Nov 19, 2012
11/12
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let's go to gasdod in washington. >> caller: jim, how's it going? big boo-yah from the great northwest. >> fantastic. thank you. what's going on? >> caller: not much. i'm concerned about ford. i'm wondering where it is heading with this fiscal cliff looming and the recent hurricane sandy. >> ford, i have to till, ford is a european play. they have so much europe that they can pull down everything. until they get europe under control, you cannot own ford. can i go to virginia in indiana, please? >> caller: what do you say? >> i think garmin is cheap. i think that it's always going to be cheap. i like the stock. i told people to buy it. it has not worked out. i continue to think it is a very inexpensive stock. it does need a cat lifrt. there are guys telling you to sell it. i think they're wrong. wow. okay, hertz has taken the wheel. the rental car business is zooming and hertz is your best play. buy, buy, buy! >> i can not believe how good this industry is after how bad it was for so long. stay with hertz. stay with cramer. >>> coming up, you are rea
let's go to gasdod in washington. >> caller: jim, how's it going? big boo-yah from the great northwest. >> fantastic. thank you. what's going on? >> caller: not much. i'm concerned about ford. i'm wondering where it is heading with this fiscal cliff looming and the recent hurricane sandy. >> ford, i have to till, ford is a european play. they have so much europe that they can pull down everything. until they get europe under control, you cannot own ford. can i go to...
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Nov 28, 2012
11/12
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it could be another eventful day here in washington. back to you. >> eamon javers with that report from washington. joining us now, david simmons. welcome. are you confident they'll reach a deal? are you concerned about these comments from harry reid? >> i think you'll always get this sort of posturing. one of the things the republicans are waking up to is the vast majority of what's going to happen at the end of this year will affect what they want. when you look at it, it's 2/3 tax increases, 1/3 spending cuts. half of those spending cuts are going to come on the defense side. so you've only got 1/6 upsetting the democrats and 5/6 upsetting the republicans. the democrats are in a stronger porks i think it position. >> given the market reaction we saw yesterday is whether investors need to recalibrate their reaction that this will be resolved. if it's not, we know there will be economic fallout. but as it becomes more and more in the headlines, is there real risk that despite the improvement we've seen in consumer confidence, 9/11 busi
it could be another eventful day here in washington. back to you. >> eamon javers with that report from washington. joining us now, david simmons. welcome. are you confident they'll reach a deal? are you concerned about these comments from harry reid? >> i think you'll always get this sort of posturing. one of the things the republicans are waking up to is the vast majority of what's going to happen at the end of this year will affect what they want. when you look at it, it's 2/3...
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Nov 19, 2012
11/12
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so, the markets say, hey, maybe they'll work things out in washington. the unfortunate thing is this lift today will be met with more selling as we get closer to the holiday and the long weekend. >> this is not a new phase here -- >> you can look at volume, behavior of the trading and it looks like we'll have a little more of a lift. we've broken through a level that held nicely. started to lift onto the tail end of the day. i think if we can get a little closer to the tail end, but toward the end of the year, we'll test higher. >> do you believe this is a rise above rally? do you believe it won't hold? >> it's going to be very choppy. what bill mentioned about the 200-moving day rally, there's a sentiment when the market gets to a certain point, we're starting to see that, certainly with the clients we're talking to. yes, huge fear about the fiscal cliff but also is in the back of their mind fear about missing rally. they've already missed the rally in many cases. clients that have been sitting in cash. i think there is some bounce on this market. wheth
so, the markets say, hey, maybe they'll work things out in washington. the unfortunate thing is this lift today will be met with more selling as we get closer to the holiday and the long weekend. >> this is not a new phase here -- >> you can look at volume, behavior of the trading and it looks like we'll have a little more of a lift. we've broken through a level that held nicely. started to lift onto the tail end of the day. i think if we can get a little closer to the tail end, but...
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Nov 1, 2012
11/12
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but secondly, there's been talking in washington, d.c. in the past about establishing federal or regional petroleum supply storage facilities, refined petroleum storage facilities. so we've got a national strategic petroleum reserve in the southeastern united states that holds crude oil. it makes a lot of sense to try and have additional federal storage areas. not of crude oil but of refined products like motor gasoline so that in the event of a tragedy like this, you've got some sort of large stocks that you can quickly bring in to market so that you don't have to truck it from very far. at the end of the day, while a lot of drivers are having a hard time dealing with the shortages, hurricane sandy didn't hit oil production facilities like hurricanes in the past, like katrina did in the gulf of mexico. so while folks are struggling in the northeast, i definitely sympathize, the situation could have been a lot worse if it hit some of the bigger petroleum sector infrastructure systems. >> and so you said prices in some parts of the country
but secondly, there's been talking in washington, d.c. in the past about establishing federal or regional petroleum supply storage facilities, refined petroleum storage facilities. so we've got a national strategic petroleum reserve in the southeastern united states that holds crude oil. it makes a lot of sense to try and have additional federal storage areas. not of crude oil but of refined products like motor gasoline so that in the event of a tragedy like this, you've got some sort of large...
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Nov 26, 2012
11/12
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states and washington, d.c. earlier this year, the mega millions lottery reached a record $656 million. so let us know what you would do. there's a one in 176 million chance of winning. e-mail us. john has written into say i would purchase the spanish formula one teammate and a cancer radio unit. a good idea. if you've got any thoughts, e-mail us worldwide@cnbc.com. at cnbc weks or direct to m me, @rosswestgate. >>> after the break, a ble to the one group pushing mosts for a session. we'll have the latest from barcelona. and we'll show you where we stand with european stocks at the moment. and after good gains last week, just slightly softer today. the ftse 100 remember up 3.5% last week. just down half a percent for the ftse. we did see italian consumer confidence fall to an all-time low earlier this morning. spanish yields are slightly higher. guilt yields and bund yields just slightly lower. currently markets, dollar index down at a three week low this morning. two new members of the bank of japan come positi
states and washington, d.c. earlier this year, the mega millions lottery reached a record $656 million. so let us know what you would do. there's a one in 176 million chance of winning. e-mail us. john has written into say i would purchase the spanish formula one teammate and a cancer radio unit. a good idea. if you've got any thoughts, e-mail us worldwide@cnbc.com. at cnbc weks or direct to m me, @rosswestgate. >>> after the break, a ble to the one group pushing mosts for a session....
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Nov 12, 2012
11/12
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how about charlie in washington state? charlie? [ busy tone ] >> wow, charlie sounds like one of those eagles plays i made yesterday. yeah, it was my fault. the fiscal cliff is overshadowing good investment opportunities. we have to keep the pressure on. and then we can go back to saving for our kids and retirement. "mad money" will be right back. >> coming up, penny for your thoughts? jcpenney is on the retail hot seat while wall street speculated on its future with former apple executive ron johnson at the helm. but while one retailer struggles, cramer may have found one that's cleaning up. the big reveal is ahead. and later, red rising? con concerns over a slowdown in china hampered markets here at home. there are signs that could be changing. tonight, cramer is sifting through the facts to find the tough ways to play a potential turn around in the people's republic. >>> plus, trunkin'? westport innovations seemed out of gas after reporting last week. but then went into overdrive after the announcement it would be making engines
how about charlie in washington state? charlie? [ busy tone ] >> wow, charlie sounds like one of those eagles plays i made yesterday. yeah, it was my fault. the fiscal cliff is overshadowing good investment opportunities. we have to keep the pressure on. and then we can go back to saving for our kids and retirement. "mad money" will be right back. >> coming up, penny for your thoughts? jcpenney is on the retail hot seat while wall street speculated on its future with...
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Nov 27, 2012
11/12
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grid lock in washington dragging on stocks again today. let's go with the latest on fiscal cliff talks on capitol hill. >> let me give you a sense of what the impact was from the fiscal cliff talks here in washington. just after 2:00 when the senate majority leader came to talk to reporters about progress in the talks take a look at this s&p chart and you see that the market drops right as harry reid speaks. talking about that lack of progress. let me tell you exactly what he said and why i think the market got it a little bit wrong today. here is harry reid's comment that the market was reacting to. >> there has been little progress with the republicans which is a disappointment to me. they talked happy talk about doing revenues but we only have a couple of weeks to get something done. we have to get away from the happy talk and start talking about specific things. >> my take on this is that the market heard the senate majority leader saying there is little progress up here but what he was really saying is there is little progress with th
grid lock in washington dragging on stocks again today. let's go with the latest on fiscal cliff talks on capitol hill. >> let me give you a sense of what the impact was from the fiscal cliff talks here in washington. just after 2:00 when the senate majority leader came to talk to reporters about progress in the talks take a look at this s&p chart and you see that the market drops right as harry reid speaks. talking about that lack of progress. let me tell you exactly what he said and...
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Nov 12, 2012
11/12
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we'll have the latest on the fiscal cliff fiasco coming out of washington. >> will america soon be the new saudi arabia when it comes to oil? it's not science fixction. it's happening quicker than what you might think. what will it do to gas prices at the pump? >> it is very good stuff. right now the markets hoping to start the week off on a positive note after that rough go since the election last week. the dow up just 12 points. again, very light volume. no bond trading today because of the veterans day holiday. not a lot of direction for the markets today. up a point and change for nasdaq. at 2906. apple and microsoft sort of impacting the market today. the s&p 500 is up 1 1/2 points at 1381. less than an hour to go, let's talk with stocks in the green. can we manage to kick off the week in a positive note after last week's big losses? uncertainty over the resolution of the fiscal cliff is going to see for the foreseeable future, until the end of the year, as investors weigh what to do about that. what is the investor to do now that the markets get out of the way? >> we have chris l
we'll have the latest on the fiscal cliff fiasco coming out of washington. >> will america soon be the new saudi arabia when it comes to oil? it's not science fixction. it's happening quicker than what you might think. what will it do to gas prices at the pump? >> it is very good stuff. right now the markets hoping to start the week off on a positive note after that rough go since the election last week. the dow up just 12 points. again, very light volume. no bond trading today...
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Nov 26, 2012
11/12
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>>> the other big story in washington, a shakeup at s.e.c. eamon javers joins us with details. >> a lot of changes at s.e.c. mary schapiro is out. she'll be leaving on december 14th. president has designated a successor to her, elisse walter. cnbc has been talking to a lot of different folks here trying to get some information about who might then succeed elisse walter who is expected to finish out mary schapiro's term. one name i want to throw out is the white house is talking to sallie krawcheck about a few different roles, including chairman of s.e.c. she's worked at bank of america and citi and other places on wall street as well. that's one name to keep an eye on, bill. back to you. >> very interesting. eamon, thanks very much. >>> clicks and profits, u.s. consumers are expected to spend at least $1.5 billion on this cyber monday. we'll run through the cyber winners and losers next. >>> here's another number. $5 billion, that's how much americans are expected to spend on christmas gifts for their pets this year. we'll talk to petsmart ce
>>> the other big story in washington, a shakeup at s.e.c. eamon javers joins us with details. >> a lot of changes at s.e.c. mary schapiro is out. she'll be leaving on december 14th. president has designated a successor to her, elisse walter. cnbc has been talking to a lot of different folks here trying to get some information about who might then succeed elisse walter who is expected to finish out mary schapiro's term. one name i want to throw out is the white house is talking...
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Nov 9, 2012
11/12
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i hope it's reciprocated by washington. >> you know, i was struck by the talk on capital on the fact that, you know, jpmorgan has to have this 2.5% buffer while, you know, bank of america has 1.5%. others have even lower than that. marty, what's your take on that? >> yes, you have to separate out this sifi impact, which is solely related to the international significance of a company. this isn't related to the quality of the company, the riskiness of the company. this is just their entanglement to the international economy. jpmorgan and citigroup are international firms. that's why they got the bigger level. when they get through the c car process, it's more about risk management. that's where they get the benefit and come out with a stronger result. >> also interesting to hear him suggest that we're not going to see big layoffs at jpmorgan. we just saw that huge layoff announcement. a lot of the investment banks continue to talk about head count reductions. >> well, jpmorgan continues to be one of the strongest banks in the world. they're able to grab market share. i think jamie is
i hope it's reciprocated by washington. >> you know, i was struck by the talk on capital on the fact that, you know, jpmorgan has to have this 2.5% buffer while, you know, bank of america has 1.5%. others have even lower than that. marty, what's your take on that? >> yes, you have to separate out this sifi impact, which is solely related to the international significance of a company. this isn't related to the quality of the company, the riskiness of the company. this is just their...
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Nov 29, 2012
11/12
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tonight business leaders in washington are urging a deal. people who are not really known as pals of the president. the president also bringing his pressure to bear on small regular people, regular folks. now we use the word "folks" all the time and i'm old enough to remember when it meant my parents. he's turned to twitter to talk about the evil consequences of cliff jumping. let me tell you, why all this talk may end up being nothing but big hat and no cattle. small business people, twitter followers. they don't follow this. congress does. what we're seeing now is something which was supposed to be totally draconian, increases in old tax rates, coupled with automatic cuts in spending may not be unpalatable to change the minds of intransit politician. are you on this side of the aisle? that's because right now that the very moment many of those politicians believe rising above politics is political suicide, that compromises the real and dreaded ep my -- dreaded enemy, a sin even. and this pin? right here, this rise above, this is the very d
tonight business leaders in washington are urging a deal. people who are not really known as pals of the president. the president also bringing his pressure to bear on small regular people, regular folks. now we use the word "folks" all the time and i'm old enough to remember when it meant my parents. he's turned to twitter to talk about the evil consequences of cliff jumping. let me tell you, why all this talk may end up being nothing but big hat and no cattle. small business people,...
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Nov 1, 2012
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and washington's official nonfarm payroll on friday, of course. analysts are expecting around 15,000 jobs to have been created in october and a slight uptick in the job let last. did you see that story that said if you have a smartphone, blackberry, your company gets an extra 460 hours out of you a year. there is one or two that we get even more time on their blackberries, but seriously, i was looking at my smartphone and there are comments from our viewers saying come on, viewers in the states are not so stupid as to change their mind in the last couple days given what chris christie said. they've made their opinion up on a longer term basis. so if they haven't changed their mind in the last 72 hours, is it a question of getting them out to vote on or will they vote or not on the back of recent events? >> i think it's getting them out to vote and i think this particular storm could have an impact in certain parts of the companies. it could closer the number of democrats that will come out. i think republicans are determined to come out and vote o
and washington's official nonfarm payroll on friday, of course. analysts are expecting around 15,000 jobs to have been created in october and a slight uptick in the job let last. did you see that story that said if you have a smartphone, blackberry, your company gets an extra 460 hours out of you a year. there is one or two that we get even more time on their blackberries, but seriously, i was looking at my smartphone and there are comments from our viewers saying come on, viewers in the states...
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Nov 23, 2012
11/12
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we'll be outside a walmart story near washington, d.c. can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. you can stay in and share something... ♪ ♪ ...or you can get out there with your friends and actually share something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. #. >>> walmart organizers upset over working conditions, have 34r57bed protests 1,000 u.s. stores. we're in the suburbs of washington, d.c. hampton, what are they upset about? >> well, it could get a little noisy here in a couple hours. specifically this. there's pressure from a lot of organized labor and those who support organized labor to get unions inside walmart, try and get better pay and benefits for walmart 1.4 million employees.
we'll be outside a walmart story near washington, d.c. can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. you can stay in and share something... ♪ ♪ ...or you can get out there with your friends and actually share something. ♪...
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Nov 28, 2012
11/12
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unlike someone in washington. where the country is appropriate the most successfully one in mankind. >> is europe learning from switzerland? >> the fragility of e -- okay -- is past. in the process of breaking. and gradual and slow transformation into -- if you want europe to survive, it is going to move to something closer to switzerland. >> how about eequipped and the middle east? that's another big stressor. >> egypt is a prime case of what i -- let me invent a word here -- gran greenspanization of something. egypt, the policy of the western world was egypt by propping up mubarak to have stability, quote, unquote, was account of greenspan stability we have, that kind of pseudo moderation. things were brewing under the surface and now we pay the price after 40 years of sadat and the other fellow. so now we have to pay the price. what's going to happen? nobody knows. even the players don't know. we still don't know. i don't think it is going -- we're going to move to democracy overnight. we're going to have turmo
unlike someone in washington. where the country is appropriate the most successfully one in mankind. >> is europe learning from switzerland? >> the fragility of e -- okay -- is past. in the process of breaking. and gradual and slow transformation into -- if you want europe to survive, it is going to move to something closer to switzerland. >> how about eequipped and the middle east? that's another big stressor. >> egypt is a prime case of what i -- let me invent a word...
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Nov 7, 2012
11/12
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like wise, washington is very focused on that, too. so i think that the trend here, the expectation is that we'll postpone most of the major decisions until some sort of structured tax reform process next year. we'll make whatever down papal we need to make on the budget sequester in order to postpone that decision, too. the real question is really what you do with tax rates, particularly the upper income individual tax rates. so there's actually a relatively narrow spectrum of things that need to be agreed upon by the end of the year. so, you know -- >> does this spell death for divide dividend stocks then? >> i think that dividend stocks are in roughly good shape. the senate over the summer passed a marker bill on tax reform, which had a 20% dividend -- tax rate on dividends. what i think that does is give investors some confidence that it's not going to triple. we're probably looking at a tax rate on the order of 20% plus the 3.8% for health care on top of that. that's a much more moderate outcome than a 44% tax rate. >> all right,
like wise, washington is very focused on that, too. so i think that the trend here, the expectation is that we'll postpone most of the major decisions until some sort of structured tax reform process next year. we'll make whatever down papal we need to make on the budget sequester in order to postpone that decision, too. the real question is really what you do with tax rates, particularly the upper income individual tax rates. so there's actually a relatively narrow spectrum of things that need...
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Nov 29, 2012
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i'm happy to be back from washington. i'm happy sue herera is at the center of the action -- i'm just a happy guy, sue. i'm glad to have you back, too. >>> it happened just before noon. once again the markets tanking, a steep dive after discouraging words from washington on the state of the fiscal cliff. this time it was house speaker boehner speaking with reporters after meeting with treasury secretary tim geithner. eamon javers is in washington with the latest. eamon, the sentiment down here is these guys should stop talking and start crafting a deal. >> reporter: that's the sentiment here in the hallways of capitol hill as well, sue. i can tell you that. we are starting to get a little more clarity on what's going on here today. i just had the chance just a few moments ago to button-hole senator harry reid here in the hallway, asking him a very specific question. i said did treasury secretary tim geithner come up here with a new specific offer for republicans? is that what he laid down on the table for speaker john boe
i'm happy to be back from washington. i'm happy sue herera is at the center of the action -- i'm just a happy guy, sue. i'm glad to have you back, too. >>> it happened just before noon. once again the markets tanking, a steep dive after discouraging words from washington on the state of the fiscal cliff. this time it was house speaker boehner speaking with reporters after meeting with treasury secretary tim geithner. eamon javers is in washington with the latest. eamon, the sentiment...
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Nov 9, 2012
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seeing a shift in tone in washington since the election. much more conciliatory tone on all sides here. i expect you'll see that on display tomorrow. the question is whether the fundamental stumbling blocks of democrats not wanting entitlement spending cuts and republicans not wants new tax revenues, whether those stumbling blocks can be finessed between now and the end of the year. >> many, many thanks. eamon javers, appreciate it. let's get first reaction from congress on the breaking news. welcome back to the show house gop chief deputy whip peter roskam from the great state of illinois. peter, great to see you as always. a lot of movement now. i want to ask you, do you think it's possible here, post-election, as the stock market literally hammers washington with the selloff? will democrats and republicans rise above partisan politics and get us something that can work? >> i think that there's a tremendous opportunity, larry, and here's why. speaker boehner, yesterday, gave a statement, a 10 or 12-minute statement and offed his sincere c
seeing a shift in tone in washington since the election. much more conciliatory tone on all sides here. i expect you'll see that on display tomorrow. the question is whether the fundamental stumbling blocks of democrats not wanting entitlement spending cuts and republicans not wants new tax revenues, whether those stumbling blocks can be finessed between now and the end of the year. >> many, many thanks. eamon javers, appreciate it. let's get first reaction from congress on the breaking...
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Nov 7, 2012
11/12
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he didn't go to washington even though he spent $17 million trying. then there was joe kors in colorado. he certainly had name recognition. he's from the coors beer family. his money wasn't enough to unseat the incumbent there. do voters just dislike the wealthy? that's one theory. the 2010 elections saw most rich candidates fail. the other theory is that these candidates just are not electable. wealthy or not. money can do a lot of things, but apparently it can't guarantee you a seat in the senate. maria. >> that's really extraordinary. i guess, you know, the question is, was it a waste of money for these guys? apparently it was. >> a lot of people will ask, you know, what else could linda mcman have done with that $100 million? she could have done a lot of things. i think they would say they probably impacted the debate, discussion. who knows whether they could have won or lost. if you ask them, it was probably money well spent. although, they're not feeling very good today. >> right. just to get their voice in the conversation. >> exactly. >> rober
he didn't go to washington even though he spent $17 million trying. then there was joe kors in colorado. he certainly had name recognition. he's from the coors beer family. his money wasn't enough to unseat the incumbent there. do voters just dislike the wealthy? that's one theory. the 2010 elections saw most rich candidates fail. the other theory is that these candidates just are not electable. wealthy or not. money can do a lot of things, but apparently it can't guarantee you a seat in the...
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Nov 27, 2012
11/12
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our washington correspondent, john harwood, is here with the very latest. hi, john. >> reporter: hi, tyler. you know, everybody is staking out public positions and trying to drive public opinion their way. the president's been doing that all week. he is doing that with his meeting at 2:30 this afternoon with small business leaders from around the country. he is later going to travel to pennsylvania to make his case publicly, part of what he is saying is that if you adopt his plan on the extension of the bush tax cuts that is for the middle class and not for people at the top that almost every small business owner is going to get a tax cut as a result of that. and republicans are staking out their own position that tax revenue can go up but not tax rates. once they get into the room and the hard bargaining which of the positions ultimately falls away. the signs remain positive, tyler, we will get a deal by the end of the year. >> the president just half of the equation. congress is the other half. and many of those members, all in the house, are up for re-el
our washington correspondent, john harwood, is here with the very latest. hi, john. >> reporter: hi, tyler. you know, everybody is staking out public positions and trying to drive public opinion their way. the president's been doing that all week. he is doing that with his meeting at 2:30 this afternoon with small business leaders from around the country. he is later going to travel to pennsylvania to make his case publicly, part of what he is saying is that if you adopt his plan on the...
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Nov 8, 2012
11/12
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will washington get its act together and work together to fix the fiscal cliff? we have a former economic advisor to president's reagan and bush. jared bernstein is former economic advisor to vice president joe good to see you both. thank you so much for joining us. diana s delaying everything really the best option here? i don't think that's what voters want. what do you think? >> well, i think it is. i think the majority of voters don't want taxes to increase. that's why john boehner has such a large majority of republicans in the house of representatives almost probably more americans voted for republican members of the house of representatives than for president obama. he does not have a mandate to raise taxes. >> jared? >> if we postpone it -- go ahead, jared. >> no, please. go ahead. >> if we postpone the tax hikes and the spending cuts for a year, it'll give congress a chance to do some fundamental tax reform that will not hurt the economy, that will bring in more revenues that will make everything more efficient. >> jared, what do you think? does going ov
will washington get its act together and work together to fix the fiscal cliff? we have a former economic advisor to president's reagan and bush. jared bernstein is former economic advisor to vice president joe good to see you both. thank you so much for joining us. diana s delaying everything really the best option here? i don't think that's what voters want. what do you think? >> well, i think it is. i think the majority of voters don't want taxes to increase. that's why john boehner...
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Nov 17, 2012
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to it. >> caller: jay from beautiful bainbridge island, washington. >> i wish i was there. >> caller: it's rainy. >> john in florida. >> boo-yah, jimmy from the beach in miami. >> everyone is in a better place than i am. >> caller: boo-yah from miami. >> i wish i were there so bad. can't you transport me there right now? >> this week in the fiscal cliff. >> it's because of the fiscal cliff. >> going off the fiscal cliff. >> fiscal cliff. >> looming cliff. looming cliff, one of my favorites. >> you've been watching this week in the fiscal cliff. >> it's a surprise. that's why we are throwing our surprise party tonight. have i overdone this yet? fiscal cliff. we're having a birthday cake, surprise cake. it's one of those that has ice cream. cvs barely budged the day it reported. almost like someone took a knife and stuck it into the outside surprise party. talk about a party pooper. what are these titanium balloons? inappropriate balloon moment there. scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with
to it. >> caller: jay from beautiful bainbridge island, washington. >> i wish i was there. >> caller: it's rainy. >> john in florida. >> boo-yah, jimmy from the beach in miami. >> everyone is in a better place than i am. >> caller: boo-yah from miami. >> i wish i were there so bad. can't you transport me there right now? >> this week in the fiscal cliff. >> it's because of the fiscal cliff. >> going off the fiscal cliff. >>...
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Nov 27, 2012
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the fiscal cliff is an abstraction to some degree here in washington. they're just behind me at the white house. representatives are meeting with white house officials now. in southwest ohio, john boehner's district north of cincinnati, a tip back into recession would bring very real economic pain. >> oh, i thought -- you did that so well, john. i thought you were leading up to a tape soof some kind. >> i was leelding ileading up f some kind, it's not rolling. >> you fooled them. representatives go back to their home states during a thanksgiving holiday. do you think they got an earful? get something done, compromise, do something, or stand your ground. what do you think the message was? >> yes, i do think they did. it's not a stand your ground message. somebody said the other day about the election that neither party got a mandate coming out of the election. what they got was a work order to get the job done. i think that's what john boehner's constituents are telling him. that's what all the other congressional leaders are hearing from their people. n
the fiscal cliff is an abstraction to some degree here in washington. they're just behind me at the white house. representatives are meeting with white house officials now. in southwest ohio, john boehner's district north of cincinnati, a tip back into recession would bring very real economic pain. >> oh, i thought -- you did that so well, john. i thought you were leading up to a tape soof some kind. >> i was leelding ileading up f some kind, it's not rolling. >> you fooled...
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Nov 26, 2012
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you got to stay close to washington. that's the kind of company that does terribly if the economy slows down. let's go to sue in california. sue? >> caller: american power, amt. >> i wish it would pull back so i can -- >> buy, buy, buy, buy, buy. >> it must be bought. one of the best stories out there. nick in ohio? nick? >> caller: jim, i'd like to give you a buckeye boo-yah. >> hey, congratulations on being undefeated. >> caller: no doubt. no doubt. i would like your analyst opinion on sprint. >> okay. remember, sprint's doing a complex deal with softbank. you're going to be able to get cash back wherever. suffice to say i like the stock. if you see it go down, that's because of the combination of the arbitrage, not because it's doing badly. i need to go to charlie in minnesota. charlie? >> caller: boo-yah, mr. cramer, from the frigid north on the edge of the prairie. how are you doing? >> real good. i'm kind of in the not so frigid northeast on the edge of nothing. what's up? >> caller: just curious what your thought
you got to stay close to washington. that's the kind of company that does terribly if the economy slows down. let's go to sue in california. sue? >> caller: american power, amt. >> i wish it would pull back so i can -- >> buy, buy, buy, buy, buy. >> it must be bought. one of the best stories out there. nick in ohio? nick? >> caller: jim, i'd like to give you a buckeye boo-yah. >> hey, congratulations on being undefeated. >> caller: no doubt. no doubt. i...
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Nov 13, 2012
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>> i would say i'm concerned i'm seeing a lot of political theater going on in washington and so i -- it looks like we're going to be playing that brinksmanship game, and it could well go into next week. >> it really does feel that way. lath, any thoughts on what prompts the bottom this week? is it just a technical impact that you're looking at? >> yeah, i don't think the market can really push down a lot more. there's too much risk i think of being out of this market because we've seen all year long being out bernanke, as anybody can come out and say something. >> right. >> the market rockets back up 2 2%, 3% in one day. >> cisco a big winner in after hours trading session. revenue of
>> i would say i'm concerned i'm seeing a lot of political theater going on in washington and so i -- it looks like we're going to be playing that brinksmanship game, and it could well go into next week. >> it really does feel that way. lath, any thoughts on what prompts the bottom this week? is it just a technical impact that you're looking at? >> yeah, i don't think the market can really push down a lot more. there's too much risk i think of being out of this market because...
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Nov 13, 2012
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we have a roreport from washington. then, more on how this story is shedding light on how anything you write can be accessed. pretty scary stuff and something to think about. >> really. in the markets right now, fractional gains right now. the dow jones industrial average off the best levels of the afternoon, but still showing a gain of about 17 points. looks like investors wait and see until we get some solutions on the fiscal cliff. nasdaq is negative by a fraction. down about four points. off of the worst levels, by the way. s&p 500 is up about 3 3/4 points at 1383. >> in today's "closing bell" exchange, we have carol roth, bruce mccain, and our own rick santel santelli. rick, i'm going to start with you today because we see that stutter step opening in the u.s. stock market. some of that could be attributable, i guess, to the plunge in spanish ten-year yields when rumors got out that maybe spain was going to ask for a bailout from the ecb. while we obsess so much on the fiscal cliff, the markets are paying close att
we have a roreport from washington. then, more on how this story is shedding light on how anything you write can be accessed. pretty scary stuff and something to think about. >> really. in the markets right now, fractional gains right now. the dow jones industrial average off the best levels of the afternoon, but still showing a gain of about 17 points. looks like investors wait and see until we get some solutions on the fiscal cliff. nasdaq is negative by a fraction. down about four...
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Nov 8, 2012
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we'll get his reasoning on that and get a bull/bear debate going. >>> plus, can washington rise above and come together before we drive off the fiscal cliff? why some fear it cannot. back in a moment. tdd#: 1-800-345-2550 when i'm trading, i'm totally focused. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 gives me tools that help me find opportunities more easily. tdd#: 1-800-345-2550 i can even access it from the cloud and trade on any computer. tdd#: 1-800-345-2550 and with schwab mobile, tdd#: 1-800-345-2550 i can focus on trading anyplace, anytime... tdd#: 1-800-345-2550 until i choose to focus on something else. tdd#: 1-800-345-2550 trade at charles schwab for $8.95 a trade. tdd#: 1-800-345-2550 open an account and trade up to tdd#: 1-800-345-2550 6 months commission-free online equity trading tdd#: 1-800-345-2550 with a $50,000 deposit. tdd#: 1-800-345-2550 call 1-866-294-5412. >>> welcome back. a little over 30 minutes left on the trading session. if you're just joining us, time to get a quick sta
we'll get his reasoning on that and get a bull/bear debate going. >>> plus, can washington rise above and come together before we drive off the fiscal cliff? why some fear it cannot. back in a moment. tdd#: 1-800-345-2550 when i'm trading, i'm totally focused. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 gives me tools that help me find opportunities more easily. tdd#: 1-800-345-2550 i can even access it...
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Nov 30, 2012
11/12
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big money and the cliff as negotiations continue in washington. where are the nation's wealthiest investing? there are millions. let's ask the man who knows. keith banks is more than $200 billion in client assets and joins us in a halftime exclusive. great to have you here, keith. >> good to be here. >> what is your view as we look at all of the ji ratiomovements market minute by minute based on what is going on in washington how are you advising your clients? >> we just recently when the s&p got down to 13.60 went to an overweight in equities. the reason being we thought the majority of the bad news associated with the fiscal cliff fears were baked into the market give or take and the risk reward favored being more aggressive in stocks. >> the bottom line is you got more bullish, more recently looking for opportunity when maybe others were running for the hills. >> yeah. we're more worried about fixed income right now. i'll give you interesting numbers. over the last five years, there's been $1 trillion of positive flows into fixed income funds a
big money and the cliff as negotiations continue in washington. where are the nation's wealthiest investing? there are millions. let's ask the man who knows. keith banks is more than $200 billion in client assets and joins us in a halftime exclusive. great to have you here, keith. >> good to be here. >> what is your view as we look at all of the ji ratiomovements market minute by minute based on what is going on in washington how are you advising your clients? >> we just...
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Nov 21, 2012
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the problem is with washington there's nothing fundamental here. it's all emotional. that's the big uncertainty. if we can solve that problem, i think we're on the way. >> but can we solve it? >> i think we can. i actually think the fiscal cliff -- they won't solve all the problems, but the fiscal cliff will turn out to be more like a ditch. if they can solve most of the problems, i think the markets are okay. >> got some clapping going on here. >> the applause it for the marines. they have hit the new york stock exchange. it's an annual tradition. >> once a marine, always a marine. >> they will be here ringing the closing bell to kick off the annual toys for tots campaign. and there's a famous bell ringer himself joining us here at the new york stock exchange. of course, the marines and all of the armed forces always get a big hand when they come to the floor of the new york stock exchange. we're very glad they're with us today. what are you going to buy here? do you feel we've seen the lows for the year here? >> i think that right now the market's realized we're goi
the problem is with washington there's nothing fundamental here. it's all emotional. that's the big uncertainty. if we can solve that problem, i think we're on the way. >> but can we solve it? >> i think we can. i actually think the fiscal cliff -- they won't solve all the problems, but the fiscal cliff will turn out to be more like a ditch. if they can solve most of the problems, i think the markets are okay. >> got some clapping going on here. >> the applause it for...
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Nov 19, 2012
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-ed in "the washington post" that's worth reading. "i and my fellow budget geeks can generate discretionary savings for negotiators in a jiffy. tell me how many hundreds of billions you want cut and in a minute i can give you back a new set of annual discretionary limits for the decade." that's the ple. "if policy makers want to save medicare and social security or want additional revenue they must in relatively short order come up with a specific way to reduce programs or raise that revenue. the lines on the spreadsheet must be filled with painful decisions about premiums and copays, benefit levels and tax rates." david, thank you for coming in this morning. >> my pleasure to be here. >> when you talk about those details we don't talk about those specifics about what the copay rate has got to be, for example. do you have any expectation that as we try to solve the "fiscal cliff" that we're going to be getting those details and do we need them to not go over it? >> first i do have, i am hopeful we'll be getting some details over the n
-ed in "the washington post" that's worth reading. "i and my fellow budget geeks can generate discretionary savings for negotiators in a jiffy. tell me how many hundreds of billions you want cut and in a minute i can give you back a new set of annual discretionary limits for the decade." that's the ple. "if policy makers want to save medicare and social security or want additional revenue they must in relatively short order come up with a specific way to reduce programs...
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Nov 1, 2012
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let's go aaron in washington. aaron? >> caller: hi, jim. how you doing? >> okay. how about you? >> caller: you're my kind of crazy and i love your show. i know you don't like what i bought. i was wondering what you currently have views for. a high depth company and the possibility of a buy out with albertsons. >> i think that the company has tremendous source. it just has too much dead. if you refinance the debt you would do better. but i don't think you will get a take-over bid with a substantial premium. you can hold on to it but i'm not looking for anything big on it. chad in hawaii. >> caller: boo-yah. great speaking with you again today. >> i like it, too. >> caller: my question is about the co. >> yep. i like icaris. allegen did very well. you have a two for one here. i like cooper very much. i think it's a buy. i want to go to tom in maryland. >> caller: big boo-yah from ravens town. >> listen, i just dropped the kicker. i picked up a kicker from new england. what's up? >> caller: i just want to ask you about mt bank. >> i like that. doing really good. the best reporting
let's go aaron in washington. aaron? >> caller: hi, jim. how you doing? >> okay. how about you? >> caller: you're my kind of crazy and i love your show. i know you don't like what i bought. i was wondering what you currently have views for. a high depth company and the possibility of a buy out with albertsons. >> i think that the company has tremendous source. it just has too much dead. if you refinance the debt you would do better. but i don't think you will get a...
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Nov 2, 2012
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and look for earnings from mcgraw hill, thomson reuters, "washington post," good lord, madison square garden, the maker of bubble wrap. there's one one to watch. >> who doesn't like bubble wrap. still to come on the program, we'll take a look at what tuesday's election means for america's chances for falling off the fiscal cliff. >>> greece's coalition government on shaky ground. quit because of a scandal over a published list of suspected tax evaders. it they're putting on a unified front before a key vote on austerity measures. >> royal bank of scott land has had a loss of just over 1.4 billion pounds mainly due to a clarm on his own debt. the lender has increased its compensation provision by 400 million pounds and will soon enter negotiations to settle libor investigations. it's also likely to be hit. they reiterated the banking industry must make major changes to it culture. >> i guess in general banks didn't live up to the standards of integrity and have the right cultures. so we're paying some of the sins for that. >> some of the world's biggest banks, more capital to deal with
and look for earnings from mcgraw hill, thomson reuters, "washington post," good lord, madison square garden, the maker of bubble wrap. there's one one to watch. >> who doesn't like bubble wrap. still to come on the program, we'll take a look at what tuesday's election means for america's chances for falling off the fiscal cliff. >>> greece's coalition government on shaky ground. quit because of a scandal over a published list of suspected tax evaders. it they're...
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Nov 28, 2012
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. >> at least until the partisans in washington realize what's at stake. or should we say, if they do? >> senator reid basically said we're not going to have one. warren buffett talking about going over, probably going to happen, january. the dichotomy has changed. i thought it was on/off, now i feel like it's on, we're going to go over. >> business leaders pleading with the president right now. >> we're not telling people what to do. we're not in a position, we're not elected to do that. but we do have expertise, and the people who are legislating are right to ask our views. >> protecting and profiting from the fiscal cliff on "fast money" tonight. >> live from the nasdaq market site in new york city's time square, i'm melissa lee. just buy it fiscal cliff headlines are whipping the market. >>> and swimming with the sharks, real estate mogul and shark tank star barbara corkwin. >>> and about face, facebook shares hitting another multimonth high. should you be buying this turn around? we'll get the bull case with the shareholder of graykroft partne partner
. >> at least until the partisans in washington realize what's at stake. or should we say, if they do? >> senator reid basically said we're not going to have one. warren buffett talking about going over, probably going to happen, january. the dichotomy has changed. i thought it was on/off, now i feel like it's on, we're going to go over. >> business leaders pleading with the president right now. >> we're not telling people what to do. we're not in a position, we're not...
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Nov 29, 2012
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it's terrific to layer the capital some on what happens in washington. it's seemingly nothing to do with the compromise and rising above is maybe the devil's playground. >>> there's the opening bell. >> i think people should buy some stocks now in order to protect against the transition from deflation to inflation. we've been in a deflationary period now for five years. it's really been driven by the collapse in the credit systems. >>> i think they will have a framework for making the grand bargain in the next session of congress. but that's just more a hope than a firm prediction. >> we're checking our lists as the "squawk on the street" countdown to christmas continues. ho, ho, ho! ♪ oh, tannenbaum, oh tannin baum ♪ >> a little early for nat king cole. good morning. a check on the markets on this thursday. dow holding on to a 43 point gain. s&p at 1416 has crossed into positive territory for november. in fact, it's bumping up against its rather important 50-day moving average. nasdaq up 21 as well. apple and research in motion leading the tech rall
it's terrific to layer the capital some on what happens in washington. it's seemingly nothing to do with the compromise and rising above is maybe the devil's playground. >>> there's the opening bell. >> i think people should buy some stocks now in order to protect against the transition from deflation to inflation. we've been in a deflationary period now for five years. it's really been driven by the collapse in the credit systems. >>> i think they will have a framework...
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Nov 7, 2012
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now the major event for business in washington is avoiding that fiscal cliff. we are going to try very hard to get a republican and a democrat on the same page in a bid to solve the problem before thousands of americans start losing their jobs. that is next. tdd#: 1-800-345-2550 let's talk about low-cost investing. tdd#: 1-800-345-2550 at schwab, we're committed to offering you tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-345-2550 like our exchange traded funds, or etfs tdd#: 1-800-345-2550 which now have the lowest tdd#: 1-800-345-2550 operating expenses tdd#: 1-800-345-2550 in their respective tdd#: 1-800-345-2550 lipper categories. tdd#: 1-800-345-2550 lower than spdr tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and even lower than vanguard. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 that means with schwab, tdd#: 1-800-345-2550 your portfolio has tdd#: 1-800-345-2550 a better chance to grow. tdd#: 1-800-345-2550 and you can trade all our etfs online, tdd#: 1-800-345-2550 commission-free, from your schwab account. tdd#: 1-800-345-2550 tdd#: 1-80
now the major event for business in washington is avoiding that fiscal cliff. we are going to try very hard to get a republican and a democrat on the same page in a bid to solve the problem before thousands of americans start losing their jobs. that is next. tdd#: 1-800-345-2550 let's talk about low-cost investing. tdd#: 1-800-345-2550 at schwab, we're committed to offering you tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-345-2550 like our exchange traded funds, or etfs tdd#:...
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Nov 6, 2012
11/12
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let's talk about it with the washington bureau chief for "the wall street journal." if obama wins re-election, could that mean we're more likely to go over the fiscal cliff? he has less of a political incentive to find a solution. >> i think that's probably right. if mitt romney wins, there's going to be an easier path to kick the can down the road six months. new president is coming in. everybody wants to give him a chance to get settled, give him time. let's all agree we're going to delay this. if barack obama wins, that's not the scenario. if he wins, we have to go straight to the hard questions you were just referring to. yes, there are more people in the democratic party, but frankly more in the republican party who say, if we can't come to a deal, let's let those automatic tax increases kick in. >> scott, obviously, obama's been out there talking about going over the fiscal cliff. that's a real game of chicken. do you think he would do that to the economy? >> we're already seeing, as jerry mentioned, a lot of members of the democratic party, both in the house a
let's talk about it with the washington bureau chief for "the wall street journal." if obama wins re-election, could that mean we're more likely to go over the fiscal cliff? he has less of a political incentive to find a solution. >> i think that's probably right. if mitt romney wins, there's going to be an easier path to kick the can down the road six months. new president is coming in. everybody wants to give him a chance to get settled, give him time. let's all agree we're...
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Nov 7, 2012
11/12
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this is a status quo election, and as is the case with a lot of things in washington, stat cuss quo is what we're going to get. in other words, it is much more useful to talk about things that will not happen than the things that will happen, because what we've had is gridlock. for example, there will not be carbon trading passed in congress any time soon. that will of course be a relief to the coal industry, to refiners, other high-carbon intensity companies. on the other hand, there will not be, for example, drilling off the coast of florida or the coast of virginia any time soon. not soo much becau much because election, but simply after the mccondo oil spill, that's not in the cards. >> let's boil this down in terms of which stocks will win and which stocks will lose in the energy patch. pavel? >> so, in the context of gridlock, as i mentioned, there are things that we can look to for historical precedent. i mean clearly the obama administration has not been a big fan of the coal industry and the epa has put in, for example, max regulations on coal, power plant emissions have been
this is a status quo election, and as is the case with a lot of things in washington, stat cuss quo is what we're going to get. in other words, it is much more useful to talk about things that will not happen than the things that will happen, because what we've had is gridlock. for example, there will not be carbon trading passed in congress any time soon. that will of course be a relief to the coal industry, to refiners, other high-carbon intensity companies. on the other hand, there will not...
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Nov 5, 2012
11/12
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a new "washington post"/abc poll came without a three-point obama lead. if that's the case and the swing states fall in the same direction mostly, mitt romney needs most of the swing states to win, we could have a decision before we get too deep into the wee hours of wednesday morning. >> let's hope for that. john, thank you so much that. and let's trade this thing historically. a democratic president has been better for stocks with 74% versus a 47% average return under republicans. but let's dig deeper here. which sectors and stocks would benefit under each candidate? cnbc has created proprietary indices of stocks that could actually gain under an obama or a romney presidency. president obama's basket consists of home builders, health care facilities and auto stocks while romney ace portfolio has coal, oil, and gas and defense and managed care names. what is the trade here, if there is one, guy? >> a lot of the obvious ones we talked about on this show and on our network today. i'll go one sector we have talked about a few months ago that has done pretty
a new "washington post"/abc poll came without a three-point obama lead. if that's the case and the swing states fall in the same direction mostly, mitt romney needs most of the swing states to win, we could have a decision before we get too deep into the wee hours of wednesday morning. >> let's hope for that. john, thank you so much that. and let's trade this thing historically. a democratic president has been better for stocks with 74% versus a 47% average return under...
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Nov 19, 2012
11/12
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though fear is now a bit on the back burner with the positive talk and perhaps maybe the lack of talk in washington. since they are on vacation maybe we should keep them there. >> that was the spot vix but i think it is interesting that in future monthathize vix also came in. >> that's right. it is obviously a bear market in fear. the big setup you look at the vix you spengted it to go to the upside it never could do that. you would expect the vix to be well over 20. when you find out no one is interested in buying options on a day like today the few people that did buy options also the fact that we have a thanksgiving week and then a couple of days where nothing is going to happen and that lowers the vix. that is part of what is going on. >> good reminder on that. our traders shoot right on the target sometimes and sometimes they miss. let's play the good, the bad and the ugly. karen knows an opportunity to keep on trucking with cumins engines. >> i like cumins engines. we were all sitting here and they preannounced the stock is cheap. net cash and so the multiple here went well south of ten i thi
though fear is now a bit on the back burner with the positive talk and perhaps maybe the lack of talk in washington. since they are on vacation maybe we should keep them there. >> that was the spot vix but i think it is interesting that in future monthathize vix also came in. >> that's right. it is obviously a bear market in fear. the big setup you look at the vix you spengted it to go to the upside it never could do that. you would expect the vix to be well over 20. when you find...
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Nov 30, 2012
11/12
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>> well, the problem is i don't trust anything that's coming out of either side if washington. you never lead with your best offer, your best and final offer. clearly, they're just playing this dance here. the problem is for an individual investor, you could get out, try and make some increased volatility. try and bet on treasurietreasur. as soon as boehner and obama walk out of the white house, which i believe they'll do at some stage over the next month, as soon as that happens, everything is going to flip the other way. i'd like to find a way to play the market, but i think for long-term investors, valuation gets more and more important. the more you stretch things out. the key thing people are miss -- i agree with rick, the economy is not that strong, but it is still growing steadily and valuations are so extreme that you know which way the money is going to go when things settle down. i just wouldn't want to be on the wrong side of that trade. >> stephanie, that's basically the way you feel. you have sort of opportunities out there. how do you see it, stephanie? >> i think
>> well, the problem is i don't trust anything that's coming out of either side if washington. you never lead with your best offer, your best and final offer. clearly, they're just playing this dance here. the problem is for an individual investor, you could get out, try and make some increased volatility. try and bet on treasurietreasur. as soon as boehner and obama walk out of the white house, which i believe they'll do at some stage over the next month, as soon as that happens,...
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Nov 13, 2012
11/12
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washington doesn't need a whole new source of revenue. that would be just feeding the beast, as i would put it. >> actually, i do think washington needs more revenue. but i don't like the idea of a vat consumption tax. i like the idea of a consumption tax, which would eliminate the bias in the tax code against savings and investment. you'd get more revenue from economic growth. >> tax is generally meant to deter certain behaviors. when we talk about higher income taxes, draw your own conclusions. we know what the answer is not. that's the higher taxes on the wealthy. i've argued we should pass the bill, raise taxes on the wealthy, because it's not enough money to make a dent. >> listen, it's sort of a solution -- >> it's a solution for about a week and a half of revenue. >> right. it's not going to create any jobs. it's not going to create any growth. it's not going to do much about the debt. we're spending all this time and angst and political capital on something that in the long run does not solve any problem. >> chris, what would you
washington doesn't need a whole new source of revenue. that would be just feeding the beast, as i would put it. >> actually, i do think washington needs more revenue. but i don't like the idea of a vat consumption tax. i like the idea of a consumption tax, which would eliminate the bias in the tax code against savings and investment. you'd get more revenue from economic growth. >> tax is generally meant to deter certain behaviors. when we talk about higher income taxes, draw your...
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Nov 14, 2012
11/12
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and from a ceo on the message that he would send to washington. and from a five-star fund manager on how you should play it all. brian sullivan's my partner, joining me from the white house at the top of the hour. until then, let's go back to scott and the guys and "half half". >> thanks so much. we look forward to that at the top of the hour. >>> chief international correspondent michelle caruso-cabrera with brand new video in from the gaza strip. we've seen the reaction in the oil market related to this today. >> we saw a spike in oil on what happened. take a look at your screen right now and take a look at this incredible piece of video that's just come in from israeli defense forces. watch that car. inside that car is a military leader of hamas. ahmad al jabari, killed by israeli defense forces in what is a brand new operation by the idf being launched against the gaza strip at this point. he is believed -- they wanted to get him for a long time. he's believed to be the mastermind behind kidnapping of israeli shoulder back in 2005 held hostage
and from a ceo on the message that he would send to washington. and from a five-star fund manager on how you should play it all. brian sullivan's my partner, joining me from the white house at the top of the hour. until then, let's go back to scott and the guys and "half half". >> thanks so much. we look forward to that at the top of the hour. >>> chief international correspondent michelle caruso-cabrera with brand new video in from the gaza strip. we've seen the...
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Nov 9, 2012
11/12
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dean in washington. dean? >> hey, jimbo. sad, sad, losing money every day boo-yah. >> many of us are. >> so hey, last week i dialed in to solutions. they missed the earnings. >> no hurry. now you're in tax law selling season. i don't think you touch that stock until the he end of the year. i need david aldridge to come in and talk about it. and that is the conclusion of the "lightning round." >> "the lightning round" is sponsored by td ameritrade. and later, cash infusion? from syringes to surgery, medical supply company henry schein is in the heart of health care. as this sector settles into new reforms, should you make an appointment to buy? tonight cramer is going one-on-one with the ceo to determine a diagnosis after earnings. this is karen and j. they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll fin
dean in washington. dean? >> hey, jimbo. sad, sad, losing money every day boo-yah. >> many of us are. >> so hey, last week i dialed in to solutions. they missed the earnings. >> no hurry. now you're in tax law selling season. i don't think you touch that stock until the he end of the year. i need david aldridge to come in and talk about it. and that is the conclusion of the "lightning round." >> "the lightning round" is sponsored by td...